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HCM City approves 2.1 trillion VND advance for metro line No.1 project

The HCM City People’s Committee has approved an advance of 2.1 trillion VND (93 million USD ) from the city budget for metro line No 1 project between Ben Thanh Market and Suoi Tien Tourist Park.
HCM City approves 2.1 trillion VND advance for metro line No.1 project ảnh 1Ho Chi Minh City is exerting efforts to complete metro line No.1 project by late 2020 (Source: VNA)

HCM City (VNA) - TheHCM City People’s Committee has approved an advance of 2.1 trillion VND (93million USD ) from the city budget for metro line No 1 project between Ben ThanhMarket and Suoi Tien Tourist Park.

The city’s People’sCommittee has directed the city Department of Finance and State Treasury to undertakeadvance procedures for the city’s Management Authority for Urban Railways(MAUR).

The city’s People’sCommittee has also directed the MAUR to be responsible for paying thecontractors according to regulation and work with related units to complete theprocess of adjusting the total investment of metro lines No 1 and No 2.

In addition, the MAURmust focus on solving difficulties to speed up the disbursement process.

According to theMAUR, the late payment to the project’s contractors is due to the fact that theproject is in the process of adjusting the total investment so it cannot befunded by the Ministry of Planning and Investment.

The metro line No 1has completed 62 percent of the project.

The city expected tofinish 80 percent of the project at the end of this year and complete it by2020 and able to carry passenger by 2021.-VNA 

VNA
#HCM City People’s Committee#Ho Chi Minh City#metro line No 1 project#Ben Thanh Market#Suoi Tien Tourist Park#Vietnam#Vietnamplus#Vietnam News Agency
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